Bogart Wealth LLC Increases Stake in TE Connectivity Ltd. (NYSE:TEL)

Bogart Wealth LLC increased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,174 shares of the electronics maker’s stock after purchasing an additional 1,376 shares during the period. Bogart Wealth LLC’s holdings in TE Connectivity were worth $6,206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. increased its stake in TE Connectivity by 2.5% in the 4th quarter. Lee Danner & Bass Inc. now owns 3,085 shares of the electronics maker’s stock valued at $433,000 after purchasing an additional 74 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its position in shares of TE Connectivity by 3.2% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 2,479 shares of the electronics maker’s stock valued at $348,000 after buying an additional 78 shares in the last quarter. Vista Investment Management raised its stake in shares of TE Connectivity by 0.7% during the 3rd quarter. Vista Investment Management now owns 11,970 shares of the electronics maker’s stock worth $1,479,000 after buying an additional 84 shares during the last quarter. Bison Wealth LLC boosted its position in shares of TE Connectivity by 1.4% in the 3rd quarter. Bison Wealth LLC now owns 6,576 shares of the electronics maker’s stock worth $812,000 after buying an additional 88 shares in the last quarter. Finally, Caprock Group LLC grew its stake in TE Connectivity by 1.6% in the 4th quarter. Caprock Group LLC now owns 5,581 shares of the electronics maker’s stock valued at $784,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Trading Up 0.4 %

TEL stock traded up $0.62 during trading on Thursday, reaching $145.42. 95,753 shares of the stock traded hands, compared to its average volume of 2,140,071. The business’s 50 day moving average price is $142.44 and its 200-day moving average price is $137.30. The firm has a market capitalization of $44.53 billion, a PE ratio of 13.25, a P/E/G ratio of 2.09 and a beta of 1.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92. TE Connectivity Ltd. has a 52-week low of $115.00 and a 52-week high of $147.98.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that TE Connectivity Ltd. will post 7.51 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, February 21st. TE Connectivity’s dividend payout ratio is presently 23.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TEL. Stifel Nicolaus raised their price objective on shares of TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. reduced their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Jefferies Financial Group started coverage on shares of TE Connectivity in a research note on Tuesday, April 9th. They set a “buy” rating and a $180.00 price objective on the stock. Finally, Truist Financial lifted their target price on shares of TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.89.

Insider Activity at TE Connectivity

In related news, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the transaction, the director now directly owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.